Ubisoft CEO Speaks on Takeover
Ubi Powerless to Stop Hostile Action
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Ubisoft CEO, Yves Guillemot, admitted today that his company would be powerless to stop a full blown Electronic Arts takeover, which seems to have started late December 2004 when EA snapped up a chunk of Ubisoft stock. According to Gamespot, the CEO who once said he would never let the takeover take place, told a French paper that "we are not safe from a hostile action from Electronic Arts, which it would be difficult to block if they make a genuinely interesting offer. We have a few elements allowing us not to be too nervous."
Guillemot further explained that because Ubisoft has "clearly demonstrated its value to industry players" any takeover price would have to be high, especially if EA was to win over the company's stock holders. Guillemot did not go as far as to say that a sale is impossible because if someone is "willing to pay for those at their right price, then we will choose what is best for our shareholders and our employees."
Do you want to see EA takeover Ubisoft?
Source: Gamespot Article
Guillemot further explained that because Ubisoft has "clearly demonstrated its value to industry players" any takeover price would have to be high, especially if EA was to win over the company's stock holders. Guillemot did not go as far as to say that a sale is impossible because if someone is "willing to pay for those at their right price, then we will choose what is best for our shareholders and our employees."
Do you want to see EA takeover Ubisoft?
Source: Gamespot Article